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The company is trading down since yesterday’s close of $78.98. Shares of the company are trading at $78.21 a tad under $80.50, the stock’s 50 day moving average and marginally under the 200 day moving average of $81.75. The 50 day moving average moved down $-2.29 and the 200 day average went down by -4.33%.
Exxon Mobil Corporation (NYSE:XOM) has been the object of insider selling activity recently. Steven Reinemund, Director let go of $88,253 worth of shares at an average price of $80.23 on August 4th. That brings the Director’s holdings to $0 as reported to the SEC.
Exxon Mobil Corporation, launched on August 5, 1882, is involved in energy business. The Company is involved in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Business’s segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania..
These firms have also modified their investment in XOM. Dimensional Fund Advisors Lp divested its holdings by shedding 50,257 shares a decrease of 0.2% from 03/31/2017 to 06/30/2017. Dimensional Fund Advisors Lp controls 26,297,241 shares valued at $2,123,009,000. The value of the position overall is down by 1.8%. California Public Employees Retirement System bolstered its investment by buying 102,900 shares an increase of 1.0%. California Public Employees Retirement System currently owns 10,683,782 shares worth $862,502,000. The total value of its holdings decreased 0.6%.
Parametric Portfolio Associates LLC grew its stake by buying 2,021,904 shares an increase of 26.4% in the quarter. Parametric Portfolio Associates LLC claims 9,686,303 shares with a value of $781,970,000. The total value of its holdings increased 24.4%. As of quarter end New York State Teachers Retirement System had disposed of a total of 24,343 shares trimming its position 0.3%. The value of the investment in XOM decreased from $601,317,000 to $589,966,000 decreasing 1.9% quarter to quarter.
On July 21 Citigroup held the stock rating at “Neutral” but moved down the price target to $84.00 from $93.00. On July 11 the stock rating was upgraded to “Overweight” from “Equal-weight” in a statement from Barclays.
On June 5 the company was set at “Sector Outperform” in a report from Scotia Howard Weil which is up from the previous “” rating.
Exxon Mobil Corporation recently declared a dividend that will be paid on Monday the 11th of September 2017. The dividend will be $0.770 per share for the quarter or $3.08 annualized. This dividend amount will represent a yeild of $3.84. The ex-dividend date is set for Thursday the 10th of August 2017.
Exxon Mobil Corporation currently has a P/E ratio of 28.19 and the market value is 331.38B. In the latest earnings report the EPS was $2.77 and is expected to be $3.42 for the current year with 4,237,105,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.89 and the next full year EPS is projected to be $4.06.